Q2 2025 Bombardier Inc Earnings Call Transcript
Key Points
- Bombardier Inc (BDRAF) received a firm order for 50 aircraft in one transaction, significantly boosting their backlog and book-to-build ratio to 2.3.
- The company reported $2 billion in revenue for Q2 2025, with services contributing $590 million, up 16% year over year.
- Bombardier Defense secured a notable order for two Global 6500 jets from Saab and signed an MOU with Leonardo for maritime patrol missions.
- The company successfully refinanced $500 million of senior notes, improving their debt maturity profile and receiving credit rating upgrades from S&P Global and Moody's.
- Bombardier Inc (BDRAF) is on track to achieve more than $1 billion in EBITDA in the second half of the year, with the first Global 8000 aircraft deliveries expected.
- Total revenues for Q2 2025 declined by $175 million or 8% year over year, primarily due to delivering three fewer aircraft compared to the previous year.
- Adjusted EBITDA for the quarter decreased by $38 million year over year, with a margin reduction attributed to a delivery mix skewed towards medium-sized aircraft.
- Free cash flow usage in the quarter totaled $164 million, driven by a $280 million investment in inventory and cash interest of $125 million.
- Supply chain disruptions continue to impact operations, with associated costs offsetting pricing improvements.
- The company anticipates a more backloaded delivery profile for the second half of the year, requiring careful management of inventory and supply chain challenges.
Morning, ladies and gentlemen, and welcome to the Bombardier second-quarter 2025 earnings conference call. Please be advised that this call is being recorded.
At this time, I would like to turn the discussion over to Mr. Francis Richer de La Fleche, Vice President FP&A and Investor Relations for Bombardier. Please go ahead, sir.
Good morning, everyone, and welcome to Bombardier's earnings call for the second quarter of 2025.
I wish to remind you that during the course of this call we may make projections or other forward-looking statements regarding future events or the financial performance of the corporation. There are risks that actual events or results may differ materially from these statements. For additional information on forward-looking statements and underlying assumptions, please refer to the MD&A.
I'm making this cautionary statement on behalf of each speaker on this call. With me today is our President and Chief
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